Prysmian to invest EUR 1.25 billion through 2031 to expand optical fiber and cable capacity

Reuters2026/07/20 05:03

By:Reuters

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Prysmian set a €1.25 billion capacity expansion through 2031 to boost optical cable, fiber output, including glass preforming, in the US, Europe.
US fiber capacity to more than double versus the current baseline, scaling Digital Solutions to meet rising data center demand.
Over 1,000 jobs planned globally, including 600 in the US, tied to the production buildout.
Expansion follows a 10-year optical cable supply agreement with Molex worth up to €5.5 billion, including a €550 million upfront payment.
Additional hyperscaler, data center deals targeted to add over €10 billion incremental cumulative value through 2035, including up to €1.1 billion annual revenue from 2031.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Prysmian S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 0902-50-2026_TELEBORSA.pdf), on July 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Prysmian to invest EUR 1.25 billion through 2031 to expand optical fiber and cable capacity

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